SRA Handbook

Execution of transactions

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Version 9 of the Handbook was published on 01/04/2014. For more information, please click 'History' Above

Rule 4: Execution of transactions

4.1

A firm shall ensure that where it has agreed or decided in its discretion to effect a transaction, it shall do so as soon as possible, unless it reasonably believes that it is in the client's best interests not to do so.

Note

(i)

Principle 4 sets out your duty to act in the best interests of the client. Accordingly, in cases where there is any doubt on the point, firms should ensure that transactions are effected on the best terms reasonably available.